Monetary transmission in europe the role of financial markets and credit
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The formulation of a common European monetary policy offers an important challenge to policymakers both in Europe and around the globe. This research on monetary transmission greatly increases our understanding of the effect, or ineffectiveness, of monetary policy on economies in general.
The formulation of a common European monetary policy offers an important challenge to policymakers both in Europe and around the globe. The analysis of monetary transmission mechanisms in Europe, and the US, provides insights of great importance as the institutional environment of monetary policy changes.
Historically, it has been proved difficult to empirically establish the effects of monetary policy measures on the economy. This study of the monetary transmission mechanism pays close attention to the role of financial markets in the transmission process. The author analyses aspects of monetary transmission, such as interest rates and exchange rates, with evidence from several European countries including the Netherlands, UK and Germany as well as from the US. This research on monetary transmission greatly increases our understanding of the effect, or ineffectiveness, of monetary policy on economies in general.
The author presents a comprehensive discussion of the outcomes of empirical research along with an extensive survey of the literature and a discussion of the methods used, since interest in the subject was renewed in the 1980s. This work will be invaluable to policymakers in central banks and government ministries as well as academic researchers and economists alike.
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Taal: en
Bindwijze: Hardcover
Oorspronkelijke releasedatum: 29 maart 2000
Aantal pagina's: 168
Hoofdauteur: Jan Kakes
Hoofduitgeverij: Edward Elgar Publishing Ltd
Product breedte: 156 mm
Product lengte: 234 mm
Studieboek: Ja
Verpakking breedte: 156 mm
Verpakking hoogte: 234 mm
Verpakking lengte: 234 mm
Verpakkingsgewicht: 396 g
EAN: 9781840642414